Poland floats National Investment Funds

Article Abstract:

A Mass Privatisation Programme (MPP) is underway in Poland, with the privatisation of 15 National Investment Funds (NIFs). The Warsaw Stock Exchange took US$1.56 billion from NIF shares, even though only 2.5 million MPP certificates were exchanged. Each adult in Poland was allowed to buy one MPP certificate, at a cost of seven US dollars, and 96% of people did so during the year they were available. These certificates are now being sold on the stock exchange for between $48-50.

Securities and Commodity Exchanges, Security and commodity exchanges, Misc Stock Exchanges, Purchasing, Stock exchanges, Stock certificates

---

Worker debate in Poland

Article Abstract:

Poland is debating new privatization legislation and preferential terms to be granted to workers of privatized companies. Parliament has not yet approved new legislation but employees from one company, Stomil, are seeking distributions of shares in lines with proposals. A compromise has been achieved, allowing the privatization to go ahead. The government's targets for income from privatization in 1995 appear to be over optimistic.

---

Polish privatization revenues to exceed US$3.8bn in 1999

Article Abstract:

Poland plans to privative a number of industries in 1999. The Polish government expects the privatization program will garner $3.85 billion. Some of the major businesses to be privatized include Bank Pekao, Telekomunikacja Polska, and Bank Zachodni. Some of the industries to be privatized include pharmaceuticals, transportation, food-processing, and chemicals.

United States, Strategy & planning, Organizational history, Economic Programs, Administration of Economic Programs

Similar abstracts:

• Abstracts: External consultants in organizations: evaluating the Spanish case. Payment types and number of franchisees
• Abstracts: Fujimori backtracks again on privatizations. Improved Asian market spurs China. Yen loans put pressure on Jakarta
• Abstracts: Taking a long-term approach. Investment trust or limited partnership? Does management still have a place in the MBO?
• Abstracts: Do private company sales discourage investment? Sharp rise in private company prices. Buyers lower their expections
• Abstracts: Gearing up for action. Variety keeps the boutiques buzzing. Deal value exceeds the total for the whole of 1994

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.